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How much do solar panels cost in Melbourne

//How much do solar panels cost in Melbourne

Why should you consider installing solar panels in Melbourne? Aside from the environmental sustainability aspect of using solar panels, harnessing the sun’s energy to support some of your home’s energy needs will also lead to considerable savings in electricity bills. But, of course, there are outright expenses for installation and other related costs.

Switching some or all of your household energy supply to solar PV (photovoltaic) systems is definitely going to be an investment. And before you make that investment, here are the important numbers you should know.

Melbourne homes receive between 4.1 kilowatt-hours and 4.8 kWh of raw sunshine per square meter of roof per day.
Taking into account efficiency losses (because no solar PV system will be able to use 100% of the solar energy it captures), the daily energy output of different solar PV system sizes installed on a north-facing roof in Melbourne with 85% efficiency should be as follows:

  • Up to 5.4kWh for a 1.5kW system
  • Up to 7.2kWh for a 2kW system
  • Up to 10.8kWh for a 3kW system
  • Up to 14.4kWh for a 4kW system
  • Up to 18.5kWh for a 5kW system
  • Up to 25.2kWh for a 7kW system
  • Up to 36kWh for a 10kW system

A 5kW system has been shown to be a popular choice for residences across Melbourne, and Victoria as a whole.
The Victorian Government is currently offering a 50% rebate on eligible installations, which on average saves you $2225 on an install.
Australia’s Renewable Energy Target has made solar PV system installations in the country one of the cheapest in the world. As of February 2019, the average out-of-pocket costs per solar system size for residential homes in Melbourne, are as follows:

  • $3,240 for a 1.5kW system
  • $3,490 for a 2kW system
  • $4,260 for a 3kW system
  • $5,060 for a 4kW system
  • $5,550 for a 5kW system
  • $8,010 for a 7kW system
  • $12,440 for a 10kW system

The final cost of installation, less the federal incentive, will also depend on the solar company you choose, the components used, and the size of the unit you need, which will be determined by the size of your home and your average electricity consumption. Once you’ve had the system installed, you may also be eligible for the Vic Solar Rebate, which could save you a further $2225.

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Because of its geographical advantage, Australia has become one of the world leaders when it comes to solar energy use and technology, and with the country’s efforts to promote cleaner energy through solar power, it also offers one of the most competitive prices for solar PV system installations. Melbourne households can also enjoy the great benefits of being powered by solar energy, even if it is located further south. Considering the savings and environmental aspects, investing in a solar PV system in Melbourne is definitely a rewarding choice.

2019-04-05T00:19:35+10:00